CommVault Systems (CVLT)
NASDAQ:CVLT
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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
1.16Last Year’s EPS
1.01Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong growth and operational momentum: robust ARR and SaaS expansion, record free cash flow, improving margins, rising multiproduct adoption, and clear FY2027 guidance. Challenges cited — hardware/memory cost pressures, quarter-to-quarter mix variability, reduced disclosure granularity, and early-stage monetization of AI-related offerings — are notable but do not materially undermine the strong financial and commercial progress. Overall, the positives (accelerating SaaS growth, cash generation, expanding product adoption and clear guidance) outweigh the headwinds.Company Guidance
Strong Subscription ARR Growth
Subscription ARR rose 27% year-over-year to $989 million in Q4, reflecting durable subscription momentum and the company’s shift to a subscription-led model.
Major SaaS Milestone and Rapid SaaS Growth
SaaS ARR grew 42% year-over-year to $400 million and SaaS revenue increased ~43% to $93 million in Q4, marking a major milestone and acceleration in cloud-native adoption.
Subscription and Total Revenue Growth
Q4 subscription revenue grew 20% to $208 million and total revenue increased 13% to $312 million, driven by SaaS and expansion in large enterprise accounts.
Record Free Cash Flow and Strong FY Cash Generation
Record free cash flow of $132 million in Q4 and $237 million for fiscal 2026 (up 16% year-over-year), enabling $446 million of share repurchases during the fiscal year.
Improved Profitability and Margins
Q4 non-GAAP EBIT was $66 million with an EBIT margin of 21.3%; consolidated gross margin expanded by 30 basis points sequentially to 81.8% while operating expense discipline improved Opex as a percent of revenue by ~100 basis points year-over-year.
Customer & Adoption Momentum
Over 2,500 new subscription customers added in fiscal 2026 (roughly 600 in Q4); 48% of Commvault-managed SaaS customers now use more than one product, a 500 basis-point improvement year-over-year.
Identity & Data Security Traction
Identity resilience and data security solutions represented 33% of net new ARR in Q4; Active Directory offering ARR more than doubled year-over-year and identity solutions grew ~100% YoY, indicating strong product-market fit.
Healthy Net Dollar Retention
SaaS net dollar retention improved to 122% (subscription net dollar retention measured on an annualized basis was 114% for fiscal 2026), highlighting expansion within existing accounts.
Ambitious FY2027 Financial Guidance
Management guided FY2027 subscription ARR growth of 18–19% to ~$1.20–1.21 billion, subscription revenue of $1.115–1.125 billion (~15% growth), total revenue of $1.30–1.31 billion, non-GAAP EBIT margin ~20.5%, and free cash flow of $250–260 million.
Capital Allocation and Share Repurchases
Accelerated buybacks with 3 million shares repurchased in Q4 for $259 million (total FY purchases $446 million), Board refreshed a $250 million authorization and plans to allocate ~60% of annual free cash flow to repurchases.
CVLT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CVLT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $88.41 | $97.98 | +10.82% |
Jan 27, 2026 | $129.36 | $89.13 | -31.10% |
Oct 28, 2025 | $174.15 | $145.78 | -16.29% |
Jul 29, 2025 | $163.43 | $193.27 | +18.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CommVault Systems (CVLT) report earnings?
CommVault Systems (CVLT) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is CommVault Systems (CVLT) earnings time?
CommVault Systems (CVLT) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is CVLT EPS forecast?
CVLT EPS forecast for the fiscal quarter 2027 (Q1) is 1.16.